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The following data relates to Polar Corporation and its Artic Division. Artic Division sales $6,500,000 Artic Division operating income $780,000 Artic Division total assets $3,250,000

The following data relates to Polar Corporation and its Artic Division. Artic Division sales $6,500,000 Artic Division operating income $780,000 Artic Division total assets $3,250,000 Artic Division current liabilities $540,000 Corporate target rate of return 11% Corporate weighted average cost of capital 5% What is the Artic Division's Residual Income (RI)?

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